Citizens Jmp Raises People Incorporated Common Stock (NASDAQ:PPLI) Price Target to $54.00

People Incorporated Common Stock (NASDAQ:PPLI) had its target price increased by equities research analysts at Citizens Jmp from $47.00 to $54.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would indicate a potential upside of 16.88% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. TD Cowen reiterated a “buy” rating on shares of People Incorporated Common Stock in a research note on Tuesday. KeyCorp raised their target price on People Incorporated Common Stock from $41.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Weiss Ratings upgraded People Incorporated Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. boosted their price target on People Incorporated Common Stock from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Piper Sandler set a $52.00 price target on People Incorporated Common Stock in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.36.

People Incorporated Common Stock Stock Performance

Shares of NASDAQ PPLI traded down $0.23 during midday trading on Wednesday, hitting $46.20. 372,811 shares of the company’s stock traded hands, compared to its average volume of 1,088,946. The firm has a fifty day moving average of $43.93 and a 200 day moving average of $41.05. People Incorporated Common Stock has a 1 year low of $29.56 and a 1 year high of $48.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 124.87 and a beta of 1.04.

People Incorporated Common Stock (NASDAQ:PPLI) last posted its quarterly earnings data on Monday, August 3rd. The company reported $6.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $7.08. The company had revenue of $436.74 million for the quarter, compared to the consensus estimate of $433.77 million. People Incorporated Common Stock had a net margin of 16.05% and a return on equity of 8.66%. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.57 earnings per share. On average, analysts forecast that People Incorporated Common Stock will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On People Incorporated Common Stock

Several hedge funds have recently modified their holdings of PPLI. Parallel Advisors LLC boosted its position in shares of People Incorporated Common Stock by 61.3% during the first quarter. Parallel Advisors LLC now owns 613 shares of the company’s stock worth $25,000 after acquiring an additional 233 shares during the last quarter. Hantz Financial Services Inc. grew its stake in People Incorporated Common Stock by 173.4% during the fourth quarter. Hantz Financial Services Inc. now owns 782 shares of the company’s stock valued at $31,000 after acquiring an additional 496 shares in the last quarter. Advisory Services Network LLC bought a new stake in People Incorporated Common Stock in the 3rd quarter valued at $38,000. Quarry LP bought a new stake in People Incorporated Common Stock in the 4th quarter valued at $59,000. Finally, Essential Partners LLC lifted its stake in People Incorporated Common Stock by 177.1% in the 1st quarter. Essential Partners LLC now owns 1,607 shares of the company’s stock worth $64,000 after purchasing an additional 1,027 shares in the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

People Incorporated Common Stock Company Profile

IAC (NASDAQ: IAC) is a publicly traded holding company headquartered in New York City that builds and invests in consumer-focused internet businesses. Through its portfolio of digital media brands, online marketplaces and subscription services, IAC delivers content and connections across a range of verticals, including lifestyle, finance, home services and personal care. The company’s operations span North America and parts of Europe, where its brands reach millions of visitors each month.

In the digital publishing space, IAC’s Dotdash Meredith division develops original content and data‐driven journalism across more than a dozen specialty sites.